Practice Management
Law firm innovator takes practice forward as unregulated firm
Law firm innovator Alice Stephenson has turned her business into an unregulated practice, citing problems with HM Revenue & Customs and the costs of running a regulated law firm.
Hull practice becomes one of largest employee-owned firms to date
Hull-based Hudgell Solicitors has become one of the largest law firms to date to become employee owned, after founder Neil Hudgell decided to transfer the majority of shares to an EOT.
Law firm entitled to fire trainee who forwarded emails to private account
A law firm was entitled to summarily dismiss a trainee solicitor who forwarded client-related emails to a private email account, an employment tribunal has ruled.
PE-backed firm tops 80-office mark after latest acquisition
Private equity-owned Stowe Family Law has made its third acquisition in the past 18 months by buying Crisp & Co, a 17-office practice based in the South-East.
Consumer claims firm set to enter administration
One of the law firms that led the way in diversifying a personal injury practice into one handling a wide range of consumer claims has filed a notice to appoint administrators.
Allow us to refuse work for ethical reasons, junior lawyers tell firms
Junior lawyers want the right to refuse to work on certain matters for ethical reasons, but few firms currently allow it, research has found. They are frustrated too by the slow pace of cultural change.
Second acquisition in a month for PE-backed law firm
Private equity-backed law firm Nelsons has completed its second acquisition in a month as it looks to keep on growing, while Mayo Wynne Baxter has unveiled a deal too.
Two bonuses for staff in first year of firm’s employee ownership
A law firm which became 100% employee-owned a year ago has brought in an accountant to explain the firm’s finances to staff, who have so far received two tax-free bonus payments.
City solicitor chief: AI poses risk to legal careers – but not quite yet
Artificial intelligence poses “a medium to long-term” risk to legal careers, the chair of a new City of London Law Society committee on it has predicted.
Most clients do not believe law firms “genuinely committed” to ESG
Only a third of clients believe large law firms are genuinely committed to environmental, social and governance issues, a report has found.
Blog
Why law firms are getting AI supervision wrong
The profession’s response to AI supervision failures misunderstands the nature of LLM output – there needs to be for a shift in the culture.
Beyond the PII premium – rethinking risk
Professional indemnity insurance renewal is often treated as an annual pricing exercise. But it is also a chance to show how effectively you identify, manage and mitigate risk.
The AI governance gap in law firms and why it matters now
A third of law firms are already using AI tools with no formal policy in place to govern how AI gets used, what data goes into it, or who’s accountable when something goes wrong.
Reports
Associates
